Biofertilizers Market Size, Growth Trends, Insights and Industry Statistics [Yahoo! Finance]
NOVOZYMES A/S UNSP/ADR (NVZMY)
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Source: Yahoo! Finance
The biofertilizers market refers to the industry involved in the production, distribution, and sale of biofertilizers. Biofertilizers are substances containing living microorganisms which, when applied to seeds, plant surfaces, or soil, colonize the rhizosphere or interior of the plant and promote growth by increasing the supply or availability of primary nutrients to the host plant. These microorganisms can fix atmospheric nitrogen, solubilize phosphorus, and stimulate plant growth through the synthesis of growth-promoting substances. Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=856 The biofertilizers market is estimated at USD 3.1 billion in 2023 and is projected to reach USD 5.2 billion by 2028, at a CAGR of 10.9% from 2023 to 2028. The biofertilizers market has been gaining traction due to increasing environmental concerns, a shift towards sustainable agriculture practices, and the rising demand for organic food products. Biofertilizers Mar
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